China Shifts Foreign Investment Focus

China has reshuffled a list of key sectors where it wants to attract foreign investment, downgrading traditional industries like autos and putting more emphasis in emerging fields such as new energy sources.

The changes reflect a broader shift in the country’s economic strategy, as leaders seek to shift away from a dependence on heavy manufacturing and toward higher-tech and more environmentally friendly industries.

The National Development and Reform Commission, China’s top economic planning agency, publishes a “foreign investment catalogue” every few years that divides investment into broad categories: encouraged, allowed, and restricted. On Thursday it unveiled its latest catalog, which

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